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Advent Signs Distribution Deal Over SuperDerivatives Service
Tom Burroughes
5 July 2010
Advent Software has announced an agreement with SuperDerivatives, allowing the latter company to provide its multi-asset web analytic system and revaluation services to clients of Geneva®, Advent’s portfolio management and account system. SuperDerivatives' products cover the spectrum of derivatives usage, including real-time pricing and analytics platforms, risk management systems, portfolio revaluation services, options market data portal and an online trading platform. Advent will develop an integration accelerator based on the layouts, formats, and instrument constructs of the revaluation pricing services provided by SuperDerivatives. The accelerator will enable clients to feed this data directly into the Geneva® application via Advent’s Workflow Manager Integration Tool. In teaming with SuperDerivatives, Advent will be able to offer clients a single cost-effective, automated interface for providing OTC derivatives pricing data into Geneva®. “This marks another step in our efforts to continue building out middle-office functionality in Geneva®, and demonstrates our ongoing commitment to delivering further value for our clients,” said Chris Momsen, senior vice president and general manager of global accounts at Advent. To view this publication’s recent interview with Advent, click here.